The government solution to a problem is usually as bad as the problem.

Germany's problem, in part, is that it went into the euro at the wrong exchange rate that overvalued the deutsche mark.

Columbus did not seek a new route to the Indies in response to a majority directive.

Anything that government can do, private enterprise can do for half the cost.

The existence of a free market does not of course eliminate the need for government. On the contrary, government is essential both as a forum for determining the "rule of the game" and as an umpire to interpret and enforce the rules decided on.

What central banks can control is a base and one way they can control the base is via manipulating a particular interest rate, such as a Federal Funds rate, the overnight rate at which banks lend to one another. But they use that control to control what happens to the quantity of money. There is no disagreement.

The Founding Fathers envisioned a federal government that trusts its people with their money and freedom, outlining this limited, non-intrusive federal government in...the Constitution, leaving the other powers to people...or to the states.